Finovate Demo Video Archives

Free archive of every demo presented at Finovate since 2007

FinovateFall 2017 / SpyCloud

Presenter Profile:

How they describe themselves: Located in Austin, TX, SpyCloud was founded in August of 2016. Our mission is to help organizations better understand their employee and customers digital footprint by giving them visibility into their exposed credentials actively being traded in the underground. While SpyCloud provides value to any organization regardless of their size and market, we are currently focused on enterprises in the financial, healthcare and technology markets. These markets have been specifically targeted by threat actors who are using credential stuffing to compromise employee and consumers accounts. They then sell these accounts on black markets or use the accounts to steal confidential information, commit CEO fraud or gain access to secure systems.

How they describe their product/innovation: Winner of the 2017 NATO Defense Innovation Challenge Award, SpyCloud recovers stolen assets directly from threat actors and private sources. These sources cannot be scanned by automated tools or web crawlers and are not visible to other security companies. These collection methods lead to the capture of 40 million exposed assets every week. The results are validated, analyzed and packaged into our solution. SpyCloud’s solution takes minutes to activate, shows value immediately and continuously protects corporate assets and employees’ private accounts. SpyCloud notifies clients to the presence of compromised assets that are being actively traded in the cyber underground. Furthermore, employees can be protected from ATOs through SpyCloud’s seamless integration into existing authentication systems.

Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed